The distiller’s corn oil (DCO) was very active today with buyers coming in for September coverage. Values were indicated around the 68 cts/lb FOB mark early in the day before trending up to 70 cts/lb FOB by market close. There was volume indicated throughout the range today on an FOB basis. Gulf interest was widely reported at 72 cts/lb delivered today, and there was a deal heard at 74 cts/lb, although volume could not be verified. The bulk of rail interest appears to be closer to 72 cts/lb delivered.
The soybean oil market rallied following the NOPA crush report today that had lower than expected stocks. The rally in the bean oil market may have been the catalyst to get buyers in at the higher prices today.
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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
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US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
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